文献详情
The Impact of Haze on the Availability of Company Debt Financing: Evidence for Sustainability of Chinese Listed Companies
文献类型：期刊
通讯作者：Zeng, YT (reprint author), Beijing Univ Chem Technol, Sch Econ & Management, Beijing 100029, Peoples R China.
期刊名称：SUSTAINABILITY影响因子和分区
年：2019
卷：11
期：3
ISSN：2071-1050
关键词：haze; listed company; sustainability; availability of debt financing; demand of debt financing
所属部门：农业与农村发展学院
摘要：Based on the data of A-share listed companies in Shanghai and Shenzhen Stock Exchanges from 2013 to 2017 and the air quality monitoring data released by China Environmental Monitoring Station, the paper examines the impact of haze on the availability of company debt financing by using fixed-effects model and quantile regression model. The empirical results show that: Firstly, haze has a positive impact on the demand of company debt financing, and the positive effect is marginal increment. Second ...More
Based on the data of A-share listed companies in Shanghai and Shenzhen Stock Exchanges from 2013 to 2017 and the air quality monitoring data released by China Environmental Monitoring Station, the paper examines the impact of haze on the availability of company debt financing by using fixed-effects model and quantile regression model. The empirical results show that: Firstly, haze has a positive impact on the demand of company debt financing, and the positive effect is marginal increment. Secondly, haze has a negative impact on the availability of company debt financing, and the negative impact is also marginal increment. Further study found that heavy polluting industry characteristics weaken the impact of haze on company debt financing availability. The paper analyzes the influence of air pollution on enterprise management from the perspective of company debt financing and explains the necessity for companies to implement an environmentally sustainable development strategy. ...Hide

DOI：10.3390/su11030806
百度学术：The Impact of Haze on the Availability of Company Debt Financing: Evidence for Sustainability of Chinese Listed Companies
语言：外文
基金：National Natural Science Foundation of China [71603306]; Fundamental Research Funds for the Central Universities in China [BUCTRC201808]
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The Impact of Haze on the Availability of Company Debt Financing: Evidence for Sustainability of Chinese Listed Companies.Li, Bin, Guo, Peixiang, Zeng, Yating,.SUSTAINABILITY. 2019, 11(3).
Construction and application of service quality evaluation system in the preclinical research on cardiovascular implant devices.Cui, Yongchun, Luo, Fuliang, Yang, Boqing, et al. .BMC MEDICAL INFORMATICS AND DECISION MAKING. 2019, 19.
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